Off the wire
• Czech people's confidence index on economy reaches highest since 2008  • Computer science to become Ireland's Leaving Cert subject by 2019  • Roundup: China, EU political, business heavyweights end Hamburg Summit  • China cultural center inaugurated in Den Haag, the Netherlands  • German consumer climate predicted to stabilize in Dec.  • Better welfare for German children from single parent family still possible: minister  • Ifo business confidence in German service sector improves in Nov.  • Iraqi asylum seeker wins in court after complaining about rejection by Finnish authority  • Roundup: Dozens killed in suicide tanker bombing in Iraq's Babil  • Nigeria's crude remains hot cake in market: official  
You are here: 　 Home

Christmas spending in Austria expected to see boost this year: economic institute

Xinhua, November 25, 2016 Adjust font size:

Austrians are anticipated to spend two-to-three percent more on their Christmas shopping this year, a new report from the Austrian Institute of Economic Research (WIFO) claimed Thursday.

The report said the optimistic outlook for the month of December is in part due to an improved consumer mood from the effects of tax reforms implemented this year, the increased disposable income expected to result in a subsequent increase in spending.

In addition the public holidays fall favourably for retailers, creating more shopping days than the statistical average.

The WIFO report said retail spending in Austria for the month of December is typically up to a quarter more than what is spent throughout the remainder of the year. Endit